Saturday, Sep 12, 2009
"A new round of pain"
Wall Street Journal: Regulators Seize Corus Bank
Federal regulators seized Chicago-based Corus Bank on Friday, marking the first major bank to be undone by deteriorating construction and commercial real-estate loans during the current downturn.
With total assets of $7 billion, Corus is the third-biggest bank to go bust this year.
Posted by devo @ 01:15 AM (403 views) Add Comment
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